The site near the Long Beach Airport was formerly home to Boeing.
The partnership plans to build 600K SF of industrial space at the property.
The planned investment with Texas Teachers is even larger than a previous deal Bridge has with Canada Pension Plan Investment Board.
The Montreal, Canada-based developer wants to enter the U.S. market in 2025 or 2026.
Values have started rising after a sharp fall in the UK industrial market.
The deal values the portfolio at $1.2B.
The South Florida industrial market is showing signs of growth and resilience, and BBX Logistics Properties is focused on development.
While still tight, the market's vacancy rate is more than double what it was last year.
Houston's industrial supply pipeline is slowing down, which experts say can give already strong absorption a chance to catch up.
Pennsylvania's industrial markets outside of Philadelphia finally came back down to earth in the third quarter after years of furious growth.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.